In my research I split ITC offerings into 4 mutually exclusive categories. In 2024 I expect that IT Services will remain the largest (39% of the total) with growth in the year of 1.7%. Software (now larger than both Telecommunications and Hardware) will see the strongest growth (5%). I expect […] Read more »
Spending on software grows 7%, IT service and hardware by 5% each, while spending on telecom service stays level
Spending on IT services (the largest of the four categories) will grow by 5% to reach $2.6 trillion in 2022. Read more »
3. Spending on software will grow most, while hardware spending will decline
If we look at the long-term development of the ITC market by broad categories of offerings (see my Figure) we see that both IT Service and Software have been growing faster than Telecom Service and Hardware. In 2020 I expect this trend to continue; the strongest growth will be in […] Read more »
5. IT Services spending grows most on IaaS and PaaS cloud services, while other offerings ‘flat line’
There will continue to be major differences in spending growth on IT Services, which I predict will grow 1.8% overall. Leading the charge will be IaaS and PaaS cloud services, which I predict will grow by 23.9% and 16.6% respectively in 2020. Of the other offerings implementation will remain the […] Read more »
Europe ITC – €1.6T revenue, €160B net profit, 6m workers
More stats on ITC in Europe Read more »